Jefferies Maintains a 'Buy' on Wolverine World Wide (WWW); Preview of Q2 Earnings
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Price: $52.65 +1.98%
Rating Summary:
3 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
3 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade WWW Now!
Jefferies maintains a 'Buy' on Wolverine World Wide (NYSE: WWW) price target of $49.00.
Analyst, Taposh Bari, said, "We expect WWW's 2Q EPS to be relatively in line with expectations when the company reports Tuesday AM, 7/10. We believe that management's 2Q and FY guidance, at the time, reflected European risks as well as the anniversary of last year's Merrell Barefoot product introductions. FX should be less of an issue (vs. Nike (NYSE: NKE)) given low absolute and relative euro exposure."
Bari models $0.45 for Q2 and see WWW as relatively defensive. FY12 estimate remains $2.70.
For an analyst ratings summary and ratings history on Wolverine World Wide click here. For more ratings news on Wolverine World Wide click here.
Shares of Wolverine World Wide closed at $38.27 yesterday, with a 52 week range of $30.77-$44.13.
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Analyst, Taposh Bari, said, "We expect WWW's 2Q EPS to be relatively in line with expectations when the company reports Tuesday AM, 7/10. We believe that management's 2Q and FY guidance, at the time, reflected European risks as well as the anniversary of last year's Merrell Barefoot product introductions. FX should be less of an issue (vs. Nike (NYSE: NKE)) given low absolute and relative euro exposure."
Bari models $0.45 for Q2 and see WWW as relatively defensive. FY12 estimate remains $2.70.
For an analyst ratings summary and ratings history on Wolverine World Wide click here. For more ratings news on Wolverine World Wide click here.
Shares of Wolverine World Wide closed at $38.27 yesterday, with a 52 week range of $30.77-$44.13.
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